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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (100995)	5/16/2008 5:33:41 PM
From: 8bits	Respond to of 206323

I was ridiculed for making this point. (as was anyone else, making this point. In fact, see who responded to this post, for example, and see what they wrote here: Slider's post: siliconinvestor.com "China IS going to collapse. China's Systemic Banking collapse will trigger economic,social/cultural/political upheaval ... Collapsing Oil demand admist turmoil = ultimate downdraft collapse in Oil Prices." For the past 4 years Slider has made a habit of showing up on this board when there has been the two or so annual downdrafts in oil prices and proclaiming the peak of the cycle. He has been wrong every time, in one instance posting within one day of a major bottom. I will give him credit for being largely correct in calling precious metals pricing (and HUI) but he has been very wrong for a while about Oil and Natural Gas. (Save for the Katrina/Rita Spike which Don Coxe called also..)

To: gregor_us who wrote (100995)	5/16/2008 6:25:20 PM
From: calgarydude	Respond to of 206323

"In my opinion, there is no Western nation as (infra)structurally vulnerable to this step-change in energy pricing, as the United States." That is probably true, but I can see a more positive side to what may occur. A real economic crisis will derail America's morphing into a classical empire and that could save your democracy. Search for "Chalmers Johnson" in Google videos for some good talks on the subject. Church attendance in the U.S. is the highest of any industrialized country. Churches may have to get out of politics and go back to teaching Christianity again (what a radical concept). The U.S. has a long history of screwing up and then re-inventing itself in a better way; I expect the same to happen this time. Besides which, if you totally implode down there, I won't be able to get my Florida orange juice or my California raisins at Safeway any more.

To: gregor_us who wrote (100995)	5/16/2008 8:27:55 PM
From: ChanceIs	Respond to of 206323

>>>very sad for my country. .....because of the 25 year bull market in bonds and the financial sector, ...their premiere educational and intelligence levels give them the confidence to totally underestimate their ignorance. <<< Nice post. I want to take some exception in that "W" hired uber crude bull Matt Simmons for advice during his 2000 campaign. So one can't claim that they were ignorant. They were informed by the best. Now as far as confidence to underestimate the fact that they were warned that they were going to be hit between the eyes by a 2X4, and then were hit between the eyes by a 2X4, I have to agree with 100%. 25 year bull market in bonds!?!?! Schadenfraeude??? I loved seeing Bill Gross squirm and cry for lower interest rates last winter. They guy must have been leveraged 30:1 (like Bear Stearns) on the long side of bonds. If Mr Volker is recalled - and I hope he is - Gross and Pimco will be in the dust bin of history. My CNQ June $70 covering calls are now $28 ITM (that would be about 42% left on the table). Sigh. But this is investing. We don't do coulda, woulda, shoulda here. No sir.Its just that post 9/11 with a war in the Middle East on the way, the oily stocks should have spiked, but they got flushed down the drain with the rest. So we have this subprime cancer spreading to the rest of the economy - with $127 crude to boot - and the whole freakin market should be down the drain. On the bright side, I won't be getting any margin calls should the thing collapse.

To: gregor_us who wrote (100995)	5/16/2008 10:02:13 PM
From: tom pope	Read Replies (1) \| Respond to of 206323

I feel a little bit silly barging into the Grand Central Station crowd to add my recommendation, but I was the 34th in line. Hard to find such unanimity on this board. Great post.

To: gregor_us who wrote (100995)	5/16/2008 10:12:01 PM
From: tom pope	Respond to of 206323

everything related to the coming migration to The Grid Would that include PWR, a grid enabler par excellence, that I've owned for some years?